This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.

You can find the current article at its original source at http://www.bbc.co.uk/news/business-26617722

The article has changed 4 times. There is an RSS feed of changes available.

Version 0 Version 1
Budget 2014: Carbon tax cut could mean lower energy bills Budget 2014: Carbon tax cut could mean lower energy bills
(35 minutes later)
Consumers could be spared further rises in energy bills, if the chancellor freezes his controversial carbon tax in Wednesday's Budget.Consumers could be spared further rises in energy bills, if the chancellor freezes his controversial carbon tax in Wednesday's Budget.
It is being widely predicted that George Osborne may decide to abandon any further increases in the Carbon Price Floor, introduced in April 2013.It is being widely predicted that George Osborne may decide to abandon any further increases in the Carbon Price Floor, introduced in April 2013.
Any freeze in the tax could cut as much as £50 from consumer bills by 2020.Any freeze in the tax could cut as much as £50 from consumer bills by 2020.
Meanwhile, a BBC survey has suggested that energy bills are the biggest worry for households.Meanwhile, a BBC survey has suggested that energy bills are the biggest worry for households.
The Carbon Price Floor (CPF) is designed to penalise companies who create pollution, and to encourage investment in green energy.The Carbon Price Floor (CPF) is designed to penalise companies who create pollution, and to encourage investment in green energy.
The merits of freezing the tax have been advocated by an unusual array of allies, including the CBI, manufacturers' organisation the EEF, energy suppliers and consumer groups including Which? and Consumer Futures.The merits of freezing the tax have been advocated by an unusual array of allies, including the CBI, manufacturers' organisation the EEF, energy suppliers and consumer groups including Which? and Consumer Futures.
However, those in favour of more investment in green energy are likely to be disappointed. Environmentalists say it could mean fewer wind turbines or solar farms being constructed.However, those in favour of more investment in green energy are likely to be disappointed. Environmentalists say it could mean fewer wind turbines or solar farms being constructed.
'Unnecessary burden''Unnecessary burden'
The Carbon Price Floor (CPF) ensures that polluters pay a minimum price for the gas or fossil fuels they burn.The Carbon Price Floor (CPF) ensures that polluters pay a minimum price for the gas or fossil fuels they burn.
In effect, it is a surcharge on the European Emissions Trading Scheme (EETS), which was designed to tax polluters across the EU.In effect, it is a surcharge on the European Emissions Trading Scheme (EETS), which was designed to tax polluters across the EU.
However, the market price of the right to emit carbon has fallen so much that the EETS is no longer as strong a disincentive to pollute as it was.However, the market price of the right to emit carbon has fallen so much that the EETS is no longer as strong a disincentive to pollute as it was.
But the implementation of the CPF has left many big British companies paying more in tax than their counterparts elsewhere in the EU.But the implementation of the CPF has left many big British companies paying more in tax than their counterparts elsewhere in the EU.
Last year, the CPF added £5 to a typical UK energy bill, according to the Department of Energy and Climate Change (DECC).Last year, the CPF added £5 to a typical UK energy bill, according to the Department of Energy and Climate Change (DECC).
But as the tax is due to be ramped up over the next few years, so too is the contribution from consumers.But as the tax is due to be ramped up over the next few years, so too is the contribution from consumers.
"The Carbon Price Floor is set to become a bigger and unnecessary burden on struggling consumers in coming years and we think it should be scrapped," said Richard Lloyd, the executive director of Which?"The Carbon Price Floor is set to become a bigger and unnecessary burden on struggling consumers in coming years and we think it should be scrapped," said Richard Lloyd, the executive director of Which?
'Worry''Worry'
A BBC survey, meanwhile, has suggested that energy bills are the top worry for consumers.A BBC survey, meanwhile, has suggested that energy bills are the top worry for consumers.
The survey, conducted by ComRes for BBC Breakfast, concluded that more people worry about paying utility bills or council tax than any other household expenditure.The survey, conducted by ComRes for BBC Breakfast, concluded that more people worry about paying utility bills or council tax than any other household expenditure.
The cost of food came second, with the cost of petrol and diesel in third place.The cost of food came second, with the cost of petrol and diesel in third place.
The survey also asked whether consumers were expecting their finances to improve in the next 12 months.The survey also asked whether consumers were expecting their finances to improve in the next 12 months.
Of the 1,000 adults questioned, 28% thought there would be an improvement in their financial situation.Of the 1,000 adults questioned, 28% thought there would be an improvement in their financial situation.
Some 19% of respondents thought their situation would get worse.Some 19% of respondents thought their situation would get worse.
A majority (51%) expected it to stay the same.A majority (51%) expected it to stay the same.
The expectations contrast with the improvement in the economy, although with wage increases still running below inflation, most people are not yet experiencing an increase in living standards.The expectations contrast with the improvement in the economy, although with wage increases still running below inflation, most people are not yet experiencing an increase in living standards.
More than a quarter of people questioned said their financial situation was causing them stress.More than a quarter of people questioned said their financial situation was causing them stress.
Do you agree with the findings of the report? Are you finding it difficult to manage your energy bills?
Email us at haveyoursay@bbc.co.uk adding 'Energy bills' in the subject heading and including your contact details